Stronger Sell Today ARTNA ranks #2905 as SELL CANDIDATE #2905 Weaker Sell

Artesian Resources Corporation stock forecast

ARTNA stock forecast

Friday June 14, 2019 Change -1.79% Price $37.21
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will ARTNA stock price go up or down on Mon, 17 Jun 2019?

Predict

Artesian Resources Corporation Forecast and Stock Analysis

Technical ARTNA stock analysis for Friday June 14, 2019.

Sell candidate since 2019-06-14


Artesian Resources Corporation fell by -1.79% in the last day ( Friday, 14th Jun 2019 ) from $37.89 to $37.21 and has now fallen 3 days in a row. During day the stock fluctuated 2.91% from a day low at $37.07 to a day high of $38.15. The price has risen in 7 of the last 10 days and is up by 4.49% over the past 2 weeks. Volume has increased in the last day by 4 438 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 9 689 shares bought and sold for approximately $360 528.00.

Quick summary:

  • 30 day high of the ARTNA stock price was $38.50 and low was $35.13.
  • 90 day high was $40.40 and low was $34.32.
  • 52 week high for the Artesian Resources Corporation - $40.97 and low - $32.27.

Trend

Artesian Resources Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with 90% probability hold a price between $33.31 and $37.43 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday June 12, 2019, which indicates further falls until a new bottom pivot has been found. Artesian Resources Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Artesian Resources Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $37.71. On a fall, the stock will find some support from the long-term average at approximately $36.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

The stock had a Golden Star Signal* on Thursday May 16, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Artesian Resources Corporation finds support from accumulated volume at $36.71.

Support: $36.71 Price: $37.21 Resistance: $37.87

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.08 (2.91%) between high and low. For the last week, the stock has had a daily average volatility of 2.00%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.00 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Artesian Resources Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate Downgraded
Stronger Sell Today ARTNA ranks #2905 as SELL CANDIDATE #2905 Weaker Sell

Will ARTNA stock price go up or down on Mon, 17 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank